Is This The Pause We’ve Been Waiting For? Shopify, DoorDash, Li Auto In Focus
Podcast: Stock Market Today With IBDPublished On: Mon Nov 13 2023
Description: After a strong showing last week, the Nasdaq composite wasn’t willing to give up much ground. The S&P 500 is right there with it. But there is still a divergence with the other major indexes and breadth is still narrow. A pause could give other members a chance to catch up to the leaders. Shopify is going sideways after a strong earnings reaction and is looking at a double-bottom entry. DoorDash already broke out of its double bottom but had a second-chance offering at the buy point. Li Auto looks poised to shake off China weakness again as it breaks its downtrend but be careful of extra volatility. Learn more about your ad choices. Visit megaphone.fm/adchoices
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